Azerbaijan's draft law on the 2027 state budget has been submitted to the Milli Majlis.
Report informs that next year's budget revenue is projected at 39.254 billion manats ($23.09 billion), while expenditure is forecast at 42.4 billion manats ($24.94 billion).
Centralized revenue is projected at 38,518,425,000 manats ($22.66 billion), with local revenue forecast at 735,575,000 manats ($432.69 million).
Centralized expenditure is projected at 41,664,425,000 manats ($24.51 billion), while local expenditure is forecast at 735,575,000 manats ($432.69 million).
As a result, the state budget deficit is expected to total 3.146 billion manats ($1.85 billion), which is 1.7% higher year-on-year.
The document also forecasts that Azerbaijan's consolidated budget revenues in 2027 will reach almost 47.62 billion manats (approximately $28 billion), while expenditures are expected to be just over 50.377 billion manats (over $29.6 billion).
These figures are respectively 5.9% and 3.1% higher than the approved forecasts for 2026.
As a result, the consolidated budget deficit is expected to reach almost 2.758 billion manats (just over $1.62 billion), which is 28.7% lower compared with the previous year.
(1$ = 1.70 AZN on October 23)